Market Updates
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© Copyright – Welhunt Materials Enterprise Co. Ltd.
Disclaimer/Terms conditions
Market Updates
© Copyright – Welhunt Materials Enterprise Co. Ltd. | Disclaimer/Terms conditions
© Copyright – Welhunt Materials Enterprise Co. Ltd.
Disclaimer/Terms conditions
Singapore, Indonesia Move Closer to Bilateral Carbon Credit Partnership
Singapore and Indonesia have made significant progress in negotiations on a bilateral carbon credit partnership under Article 6 of the Paris Agreement to expand cross-border carbon trading and climate finance. Singaporean investors are ready to participate, while Indonesia prepares to launch its Carbon Unit Registry System (SRUK) on July 9, 2026. Furthermore, Indonesia’s Minister of Environment stressed that the carbon market will prioritize equitable benefit-sharing with local and Indigenous communities protecting forests, ensuring they receive a fair share.
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#Singapore #Indonesia #Article6 #CarbonCredits #ClimateFinance #CarbonTrading
Bonn climate talks deliver mixed results
The UNFCCC talks in Bonn concluded with mixed results as technical negotiations on emissions mitigation and adaptation finance stalled, deferring critical decisions to COP31. Driven by a Mideast Gulf energy crisis and the closure of the Hormuz Strait, deep divisions persisted regarding global reliance on crude oil, natural gas, and oil products. Major fossil fuel exporters strongly resisted making the transition an official agenda topic, though Brazil is advancing a non-binding phase-out roadmap. While parallel progress was achieved on the UN’s “just transition” mechanism and non-state actor initiatives, long-term hurdles intensified due to disputes over the EU’s carbon border taxes and a concerning pushback against climate science.
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#UNFCCC #BonnClimateTalks #EmissionsMitigation #EnergyCrisis #EnergyTransition #CBAM #GlobalClimatePolicy
Bilateral UN carbon market under scrutiny
The UNFCCC’s technical reviews of initial reports from 23 nations active under Article 6.2 revealed significant inconsistencies, triggering a debate over environmental integrity. Major issues included non-conservative baselines, non-permanence risks, and misalignment with national NDCs.
While the EU pushed for closer alignment with stricter Article 6.4 rules to resolve these gaps, frontrunners defended the market’s flexibility. Switzerland highlighted its project-by-project methodologies, while Japan rejected alignment, trusting its Joint Crediting Mechanism’s baseline.
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#UNFCCC #Article6 #CarbonMarket #NDC #ClimatePolicy #EmissionsTrading #Switzerland #Japan #JCM
Thailand urged to put nature on national balance sheet for green growth
The World Bank is urging Thailand to adopt Natural Capital Accounting (NCA) to integrate the economic value of assets like forests and watersheds into national accounts. This framework makes the “invisible” contributions of nature—such as flood control and tourism support—visible to policymakers. Rather than replacing GDP, NCA ensures current economic growth does not deplete resources needed for future prosperity. This approach helps Thailand identify green growth opportunities in sustainable agriculture, eco-tourism, and biotechnology while mitigating long-term fiscal risks.
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#WorldBank #Thailand #NaturalCapitalAccounting #EcoTourism #SustainableAgriculture #Biotechnology
UK and Japan Finalize £18 Billion Investment Deal Focused on Clean Energy and Infrastructure
The UK and Japan are finalising an £18 billion investment pact focusing on clean energy, infrastructure, and financial services. Up to £9 billion of Japanese capital will fund 5.9 gigawatts of British floating offshore wind capacity, enough to power 8 million households. Announced ahead of a meeting between Prime Ministers Keir Starmer and Sanae Takaichi, the deal aims to boost job creation and enhance economic ties as both G7 allies accelerate their transition to renewable energy and reduce fossil fuel reliance.
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#UK #Japan #CleanEnergy #FloatingOffshoreWind #RenewableEnergy #Infrastructure #G7 #EnergyTransition #WindPower
Singapore collaborates with Tanzania on carbon credits
Singapore and Tanzania signed an Article 6 MOU to collaborate on high-integrity carbon markets and mobilize green finance. The partnership establishes a framework to identify compliant mitigation projects aligned with both nations’ NDCs.
Crucially, the agreement lays the groundwork for a legally binding Implementation Agreement. This future treaty will govern the formal authorization and international transfer of correspondingly adjusted carbon credits, establishing a strict cross-border accounting structure to prevent double counting while driving the global energy transition.
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#Singapore #Tanzania #Article6 #MOU #ImplementationAgreement #CorrespondingAdjustment #NDC #ClimatePolicy
Kenya Sets 10 Million-Tonne Cap on Article 6 Carbon Credit Exports
Kenya has capped its Article 6 carbon credit exports at 10 million tonnes through 2030. Announced at the UN climate negotiations in Bonn, this policy establishes a national carbon trading budget to manage international transfers. It ensures Kenya retains enough emission reductions to meet its domestic climate targets (NDCs). Managed through the new Kenya National Carbon Registry, the cap positions mitigation outcomes as a strategic resource. This framework ensures high market integrity, though it may increase competition among project developers for export allocations.
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#Kenya #Article6 #ITMOs #CarbonMarket #BonnClimateTalks #NDC #ClimatePolicy
First carbon fee cycle rakes in almost NT$5bn
Taiwan’s Ministry of Environment announced it collected NT$4.97 billion in its first carbon fee cycle, exceeding the initial estimate of NT$4.5 billion. A total of 461 factories across 240 companies paid the fees, with the semiconductor industry contributing the largest share of NT$2.2 billion. The final amount was higher because several companies withdrew or were rejected from preferential rates. The revenue will go to a greenhouse gas management fund to support emissions-reduction projects and climate change research.
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#Taiwan #CarbonFee #SemiconductorIndustry #TSMC #EmissionsReduction #CarbonPricing
Vietnam, Indonesia launch new regulations for forest carbon projects
Vietnam and Indonesia have launched updated regulatory frameworks to standardize their forestry carbon sectors for international buyers.
Vietnam’s new policy establishes clear rules for tracking forest carbon storage, mandating that sales revenues be directly reinvested into local forest preservation and community livelihoods. Concurrently, Indonesia has introduced a first-of-its-kind “”nesting”” system. This framework automatically syncs individual commercial projects with state climate goals, eliminating the risk of double-counting and clearing up regulatory uncertainties for developers.
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#Vietnam #Indonesia #ForestryCarbon #CarbonCredits #VoluntaryCarbonMarket
The next phase of South-east Asia’s energy transition: Fixing the grid
Southeast Asia’s energy transition is shifting from renewables build-out to grid upgrades, as power demand could rise over 60% by 2040. Rapid growth from AI, data centres and EVs is straining ageing systems. ASEAN is accelerating the ASEAN Power Grid, but progress is constrained by a US$100bn+ investment gap, regulatory barriers, and challenges integrating intermittent renewable energy.
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#ASEAN #EnergyTransition #PowerGrid #RenewableEnergy #Infrastructure #SoutheastAsia